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Stock Market & Financial Investment News

News Breaks
February 10, 2014
11:31 EDTCARAvis Budget launches Avis Direct used car sales program
Avis Budget Group introduced Avis Direct, a used car sales program exclusively for licensed automobile dealers. The initiative offers dealers a selection of late-model, off-rental vehicles for purchase from Avis, Budget, Payless and Zipcar with no enrollment or purchase fees, the company said.
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March 5, 2015
07:23 EDTCARJPMorgan to hold a forum
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March 2, 2015
07:15 EDTCARAvis Budget agrees to acquire Maggiore Group for $170M
Avis Budget announced that it has agreed to acquire Maggiore Group, Italy's fourth-largest vehicle rental business. The net purchase price will be approximately $170M, and the transaction is scheduled to close in Q2, subject to customary closing conditions. The acquisition is expected to add approximately $160M of annual revenue and $30M of Adjusted EBITDA to Avis Budget Group, once the two businesses have been fully integrated. Avis Budget expects to fund the acquisition with available cash and/or incremental corporate debt borrowings.
February 26, 2015
12:50 EDTCARAvis Budget management to meet with MKM Partners
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February 24, 2015
07:30 EDTCARJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link
February 19, 2015
14:59 EDTCARAvis Budget downgraded to Market Perform from Outperform at Avondale
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